ISX News

[WhiteFeather]

The Light Industries (ITLI)
ISX will suspend trading of The Light Industries (ITLI) shares on May 7, 2012.
The Light Industries (ITLI) will hold AGM on May 17, 2012 to discuss 2011 financial reports, the capital increase through 50% rights issue and selling a site in Daoodi Area/Baghdad. ISX will suspend trading of ITLI shares on May 7, 2012.

Baghdad Soft Drinks' (IBSD)
Baghdad Soft Drinks' (IBSD) 2012 first quarter (unaudited) financial results:
P&L (quarterly) - 1Q12 (Sales: ID41.7bn, +1% y/y, Gross Profit: ID1.6bn (vs ID0.01bn gross loss in 1Q11), (Gross Profit Margin: 3.7% in 1Q12), Operating Loss: ID0.5bn vs. ID2.7bn Operating Loss in 1Q11, Net Profit: ID1.7bn, +211% y/y (thanks to the increase in other revenues).

[WhiteFeather]

Palestine Hotel (HPAL)
Palestine Hotel (HPAL) will hold AGM on May 8, 2012 to discuss 2011 financial results and to elect new board members.

[WhiteFeather]

Baghdad Motor Cars Servicing (SBMC) resumed trading
Baghdad Motor Cars Servicing (SBMC) resumed trading with no change in its capital and closed the day at ID1.81 price per share, up 9.7%.

[trusty]

Baghdad gas the General Assembly meeting on Thursday, 05.31.2012 at ten in the Babylon Hotel, to discuss the final accounts for the financial year ended 12.31.2011 and approval, and discussion of Cash Dividends for the financial year 2011 and approving the capital increase in accordance with Article (55% Second and III).

Found on Arabic side of ISX

Trusty

[Kickabuck]

That's baghdad soft drinks.

This is from cowpoke from a while back:

Article 55: The general assembly of the joint-stock company and the
limited liability company may cover the increase in the capital by any of
the following methods:

First: Issuing new shares whose value is paid in cash.

Second: Transferring funds from the accumulated surplus or the issuance
allowance reserve into shares to be distributed among the shareholders in
the ratio of their subscription to the capital.

Third: Withholding part of the company's profits as a reserve for
expanding and developing the enterprise instead of distributing them as
dividends. When this reserve is added to the capital and new shares
equivalent to it are issued, the shares shall be distributed among
shareholders in the ratio of their subscription to the capital.

Fourth: In cases where the shares will be offered in exchange for cash,
such decision must specify the number of shares to be issued and the
price at which they will be offered for sale or the means of establishing
that price. Shares may be offered at a price equal to or greater than their
nominal value in accordance with the general assembly’s decision and
priced in light of the company’s performance and, where applicable, the
16
prices of its shares in the Baghdad Stock Exchange market. The proceeds
reflecting the difference between the issue price and nominal price, which
is considered issuance allowance, shall be recorded in the account of the
issuance allowance reserve, after deducting all issuance expenses. This
reserve may not be distributed as profits. In the case of the joint-stock
company, the company shall submit to the Registrar a decision by its
general assembly to increase the capital, backed by an economic study
giving the justifications for this increase and the fields in which it will be
expended, as well as any other essential data. It shall be furnished to
purchasers, subject to the liability in the second paragraph of article 47 of
this law, unless the Registrar finds it materially misleading. In this case, it
shall refer a matter within its jurisdiction to the competent state authority
for the securities market.

[Kickabuck]

Understanding the ISX is much more of a gamble than a true investment vehicle I am changing my strategy a little in my purchases. I bought a minimum of Union based on the read between the lines the CBI may believe / have info that Union will be able to make the minimum. I am guessing merger of some sort. I base this on the red hi-lited part above.

Let the dice roll.

Good luck all,
HG

Looks like you were on to something...union's volumes are spiking. Insider trading at it's best! Either that, or you have a LOT of people listening to your advice! I see 55/IV thru your crystal ball...major player taking this baited hook.

[WhiteFeather]

Baghdad Soft Drinks (IBSD)
ISX will suspend trading of Baghdad Soft Drinks (IBSD) starting on May 24, 2012.
Baghdad Soft Drinks (IBSD) will hold the AGM on May 31, 2012 to discuss 2011 financial results, distributing cash dividend and capital increase through bonus issue. ISX will suspend trading of IBSD starting on May 24, 2012.

[WhiteFeather]

ISX Company Announcements

◦Baghdad Soft Drinks (IBSD) will hold the AGM on May 31, 2012 to discuss 2011 financial results, distributing cash dividend and capital increase through bonus issue. ISX will suspend trading of IBSD starting on May 24, 2012.

Electronic Industries (IELI)
Electronic Industries (IELI) resumed trading today, May 14, 2012, after the submission of its 2010 financial results to ISC. IELI closed the day at ID2.24 price per share, down 9.7%.

◦Iraqi for Seed Production (AISP) will resume trading on May 14, 2012, after the increase of capital from ID3.14bn to ID4.0bn trough 27.38% bonus issue. The opening price will be ID1.95 per share with +/- 50% limit for the first session.

◦Baghdad Motor Cars Servicing (SBMC) resumed trading on May 7, 2012.


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Some Banks info


Bank of Baghdad (BBOB), 1Q12
Bank of Baghdad (BBOB), 1Q12 (unaudited) financial results:
B/S - 1Q12 (Assets: ID938bn, +7% q/q (-5% y/y), Monetary Credit: ID126bn, -16% q/q (-26% y/y), Deposits: ID753bn, +8% q/q (-9% y/y), BV: ID151bn, +8% q/q (+17% y/y),
P&L - 1Q12 (Estimated NBI: ID11.4bn, +19% q/q (-5% y/y), Operating Profit: ID7.3bn, +75% q/q (-9% y/y), Profit Before Tax: ID7.0bn in 1Q12 vs ID1.0bn loss in 4Q11 (-11% y/y).

Mosul Bank (BMFI), 1Q12
Mosul Bank (BMFI), 1Q12 (unaudited) financial results: B/S - 1Q12 (Assets: ID276bn, +7% q/q (+28% y/y), Monetary Credit: ID93bn, +10% q/q (+23% y/y), Deposits: ID161bn, +3% q/q (+15% y/y), BV: ID93bn, +4% q/q (+35% y/y), P&L - 1Q12 (Estimated NBI: ID3.0bn, -67% q/q (-10% y/y), Operating Profit: ID1.8bn, -77% q/q (-26% y/y), Profit Bef. Tax: ID1.6bn, -80% q/q (-34% y/y).



Kurdistan Bank (BKUI), 1Q12
Kurdistan Bank (BKUI), 1Q12 (unaudited) financial results: B/S - 1Q12 (Assets: ID690bn, +15% q/q (+45% y/y), Monetary Credit: ID64bn, +3% q/q (-28% y/y), Deposits: ID431bn, +24% q/q (+39% y/y), BV: ID214bn, +4% q/q (+48% y/y), P&L - 1Q12 (Estimated NBI: ID10.2bn, -7% y/y, Operating Profit: ID8.1bn, -14% y/y, Profit Before Tax: ID7.9bn, -17% y/y.

Dar Es Salam Inv. Bank (BDSI), 1Q12
Dar Es Salam Inv. Bank (BDSI), 1Q12 (unaudited) financial results: B/S - 1Q12 (Assets: ID637bn, -20% q/q (+27% y/y), Monetary Credit: ID20bn, -3% q/q (+89% y/y), Deposits: ID501bn, -24% q/q (+18% y/y), BV: ID114bn, +3% q/q (+70% y/y), P&L - 1Q12 (Estimated NBI: ID10.3bn, -12% q/q (+66% y/y), Operating Profit: ID4.1bn, -35% q/q (+286% y/y), Profit Before Tax: ID3.7bn, -51% q/q (+260% y/y).

[WhiteFeather]

National Chemical &Plastic; Ind. (INCP)
National Chemical &Plastic; Ind. (INCP) will resume trading on May 20, 2012, after the capital increase from ID7.593bn to ID15.187bn trough 100% rights issue. The opening price will be ID2.5 per share with +/- 50% limit for the first session.

Iraqi for Seed Production (AISP)
Iraqi for Seed Production (AISP) will resume trading on May 17, 2012, after the capital increase from ID3.14bn to ID4.0bn trough 27.38% bonus issue. The opening price will be ID3.06 per share with +/- 50% limit for the first session.

[WhiteFeather]

Economy Bank for Investment (BEFI)
A cross transaction occurred on 29.69bn Economy Bank for Investment (BEFI) shares today (May 20) between Hussam Ubaied family members.

Tourist Village of Mosul Dam (HTVM)
ISX will suspend trading of Tourist Village of Mosul Dam (HTVM) starting June 3, 2012.
Tourist Village of Mosul Dam (HTVM) will hold AGM on June 10, 2012 to discuss 2011 financial results, current operations of the company and electing new board members. ISX will suspend trading of HTVM starting June 3, 2012.

Modern Sewing (IMOS)
ISX will suspend trading of Modern Sewing (IMOS) starting May 28, 2012.
Modern Sewing (IMOS) will hold AGM on June 4, to discuss 2011 financial results and current operations of the company. ISX will suspend trading of IMOS starting May 28, 2012.


National Chemical &Plastic; Ind. (INCP)
National Chemical &Plastic; Ind. (INCP) resumed trading today, May 20, 2012, after the capital increase from ID7.593bn to ID15.187bn through 100% rights issue. INCP closed the day at ID1.3 price per share, down 48%.

ISX Company Announcements

Al-Ameen Insurance (NAME) will hold the AGM on June 5, 2012 to discuss 2011 financial results, and distributing cash dividend. ISX will suspend trading of NAME starting on May 29, 2012.

The original shares of Kharkh Tour A. City (SKTA) will resume trading on May 21, after the capital increase from ID175mn to ID230mn through 42.857% bonus issue. The opening price will be ID10.45 per share with +/- 50% limit for the first session.

ISX suspended trading of The Modern for Animal Agricultural Production (AMAP) on Thursday, May 17, 2012 due to the increase in share price by maximum allowed limit (10%) for two sessions; on May 15 and May 16, according to ISC instructions. Depending on ISX request, AMAP explained that the reasons that may affect its share price positively can be their new production line investment for Mineral Water and the start of producing and distributing “HALAL” brand meat products. AMAP will resume trading on May 20, 2012.

Electronic Industries (IELI) resumed trading on May 14, 2012, after the submission of its 2010 financial results to ISC. ISX suspended trading of Electronic Industries (IELI) on Thursday, May 17, 2012 due to the decrease in share price by maximum allowed limit (10%) for two sessions; on May 15 and May 16, according to ISC instructions. Depending on ISX request, IELI explained that there is no any major event that may affect the share price. IELI will resume trading on May 20, 2012.

[calstar]

Thanks WF good news!

[WhiteFeather]

Bank of Baghdad (BBOB)
ISX will suspend trading of Bank of Baghdad (BBOB) starting June 6, 2012.
Bank of Baghdad (BBOB) will hold AGM on June 13, 2012 to discuss 2011 financial results and capital increase from ID112.9bn to ID175bn through 17.8% bonus and 31.5% rights issues. ISX will suspend trading of BBOB starting June 6, 2012.

[WhiteFeather]

Tufted Carpets & Floor (IITC)
ISX will suspend trading of Iraqi For Tufted Carpets & Floor (IITC) starting June 9, 2012.
Iraqi For Tufted Carpets & Floor (IITC) will hold AGM on June 16, 2012 to discuss 2011 financial results and the cash dividend ratio. ISX will suspend trading of IITC starting June 9, 2012.



Commercial Bank (BCOI)
A cross transaction occurred on 2.0bn Commercial Bank (BCOI) shares today (May 31).

[WhiteFeather]

Commercial Bank's (BCOI)
Commercial Bank's (BCOI) 2011year-end financial results:
B/S - FY11 (Assets: ID247bn, +21% q/q (+21% y/y), Monetary Credit: ID0.8bn, +88% q/q (+131% y/y), Deposits: ID83bn, -6 q/q (+4% y/y), BV: ID135bn, -4% q/q (+43% y/y)
P&L (quarterly) - 4Q11 (Estimated NBI: ID3.2bn, -1% q/q (-12% y/y), Operating Loss: ID0.8bn vs ID2.8bn Operating Profit in 3Q11 and ID4.7bn Operating Loss in 4Q10, Profit Before Tax: ID1.9bn, +34% q/q (vs ID0.9bn Loss Before Tax).
P&L (annual) - FY11 (Estimated NBI: ID12.5bn, -10% y/y, Operating Profit: ID6.6bn, +248% y/y, Net Profit: ID7.2bn, -46% y/y).

Commercial Bank (BCOI),
Commercial Bank (BCOI), 1Q12 (unaudited) financial results:
B/S - 1Q12 (Assets: ID245bn, -1% q/q (+33% y/y), Mon. Credit: ID1bn, +22% q/q (+225% y/y), Investments: ID165bn, +43% q/q (+33% y/y), Dep.: ID78bn, -7% q/q (+12% y/y), BV: ID136bn, 0% q/q (+39% y/y, due to capital increase by 12.5% bonus issue and 54.2% rights issue to ID100bn in 2Q11)
P&L - 1Q12 (Estimated NBI: ID2.8bn, -14% q/q (-3% y/y), Operating Profit: ID2.0bn, vs ID0.8bn Operating Loss in 4Q11 (-39% y/y), Profit Before Tax: ID0.9bn, -54% q/q (-67% y/y).


Modern Paint Industries' (IMPI)
Modern Paint Industries' (IMPI) 1Q12 (unaudited) financial results:
P&L - 1Q12 (Sales: ID1271mn, -7% y/y, ID251mn Gross Loss in 1Q12 vs ID153mn Gross Profit in 1Q11 (due to the decrease in sales and ID54mn loss posted from change in inventory in 1Q12 vs ID226mn revenue in 1Q11). Operating Loss increased from ID49mn to ID630mn with the negative contribution of the raise in administrative expenses from ID177mn in 1Q11 to ID339mn. Net Loss increased from ID58mn in 1Q11 to ID625mn in 1Q12 on the back of the deterioration in operating performance.
B/S - 1Q12 (Assets: ID11.0bn, -4% y/y, BV: ID9.6bn, -5% y/y)


Gulf Commercial Bank (BGUC)
ISX will suspend trading of Gulf Commercial Bank (BGUC) starting June 17, 2012.
Gulf Commercial Bank (BGUC) will hold AGM on June 24, 2012 to discuss 2011 financial results, capital increase through bonus and rights issues and changing the Bank name from "Gulf Commercial Bank" to "Gulf National Bank". ISX will suspend trading of BGUC starting June 17, 2012.



A cross transaction occurred on 1.5bn Baghdad Soft Drinks (IBSD) shares today (Jun 3).
A cross transaction occurred on 1.03bn National Chemical Industries (INCP) shares today (June 4).
A cross transaction occurred on 0.5bn Commercial Bank (BCOI) shares today (Jun 3)

[WhiteFeather]

ISX suspended trading of Fallujah Const. Mat. (IFCM)
ISX suspended trading of Fallujah Const. Mat. (IFCM) starting today (June 5) due to GA which will be held on June 12 to discuss 2011 financial results, distributing cash dividend, capital increase through bonus issue and investment opportunities of their land.

[WhiteFeather]

ISX suspended trading of Bank of Baghdad (BBOB) starting June 6, 2012
ISX suspended trading of Bank of Baghdad (BBOB) starting June 6, 2012 due to AGM which will be held on June 13, 2012 to discuss 2011 financial results and capital increase from ID112.9bn to ID175bn through 17.8% bonus and 31.5% rights issues.

[WhiteFeather]

Iraqi Agricultural Products (AIRP)
ISX will suspend trading of Iraqi Agricultural Products (AIRP) starting June 20, 2012.
Iraqi Agricultural Products (AIRP) will hold AGM on June 27, 2012 to discuss 2011 financial results and the cash dividend ratio. ISX will suspend trading of AIRP starting June 20, 2012.

Elaf Islamic Bank (BELF)
Elaf Islamic Bank (BELF) AGM which was scheduled to be held on June 9, 2012 was postponed to June 17, 2012 due to the lack of quorum.

Original Shares of North Bank (BNOR)
Original Shares of North Bank (BNOR) will resume trading on June 13, after the capital increase from ID175bn to ID210bn through bonus issue. The opening price will be ID1.72 per share with +/- 50% limit for the first session.

Modern Sewing (IMOS)
Modern Sewing (IMOS) will resume trading on June 12, 2012, with no change in its capital.

Al-Ameen Insurance (NAME)
Al-Ameen Insurance (NAME) will resume trading on June 12, 2012, with no change in its capital.

Baghdad Soft Drinks(IBSD)
A cross transaction occurred on 1.375bn Baghdad Soft Drinks(IBSD) shares on June 11

[WhiteFeather]

National Chemical Industries’ (INCP)
National Chemical Industries’ (INCP) 2012 first quarter (unaudited) financial results:
P&L (quarterly) - 1Q12: Sales: ID1,219mn, -1% y/y, Gross Loss: ID312mn vs ID282mn gross loss in 1Q11, Operating Loss: ID488mn vs. ID402mn Operating Loss in 1Q11, Net Loss: ID497mn in 1Q12 vs ID491mn net loss in 1Q11.

Gulf Commercial Bank’s (BGUC)
Gulf Commercial Bank’s (BGUC) AGM date rescheduled for July 2, 2012.

Bank of Baghdad (BBOB)
Bank of Baghdad (BBOB) approved in its AGM today (June 13) to increase the capital from ID112.9bn to ID175bn through 17.8% bonus and 31.5% rights issues.

Fallujah Construction Materials (IFCM)
Fallujah Construction Materials (IFCM) decided in its AGM (June 12) to use the profit to cover the loss of the last years and to increase the capital through 5% bonus issue. IFCM also decided to evaluate housing project investment opportunities for its land in Faluja City (108 Dunams).

ISC decided to delist Al-Qum'a for Financial Investment (VQUF)
ISC decided to delist Al-Qum'a for Financial Investment (VQUF) due to its failure to comply with the instructions # (3), non-disclosure of the change in the company address and not submitting the financial results.

[Kickabuck]

ISC decided to delist Al-Qum'a for Financial Investment (VQUF) due to its failure to comply with the instructions # (3), non-disclosure of the change in the company address and not submitting the financial results.

This should serve as a warning...don't invest in any stock without a foreign interest majority shareholder. The crooks found another way to make some free money. Lost the minimum here, should have known better and ditched this carp when they were marketing warka bank to investors...what a couple they make, they dynamic doomo

[WhiteFeather]

Modern Chemical Industries (IMCI)
ISX will suspend trading of Modern Chemical Industries (IMCI) starting June 23, 2012.
Modern Chemical Industries (IMCI) will hold AGM on July 3, 2012 to discuss 2011 financial results and capital increase through bonus issue. ISX will suspend trading of IMCI starting June 23, 2012.

Union Bank (BUOI)
A cross transaction occurred on 35.38bn Union Bank (BUOI) shares today, June 19.

Elaf Islamic Bank (BELF) will resume trading on June 20, 2012.
Elaf Islamic Bank (BELF) AGM which had been scheduled to be held on June 17, 2012 was cancelled. The new date of the AGM will be specified upon Company Registrar approval. BELF will resume trading on June 20, 2012.